After State Bank of India (SBI), IDBI Bank has filed a petition under section 7 of the Insolvency and Bankruptcy Code (IBC) against Mumbai Metro One Private Ltd (MMOPL) for recovery of Rs 133.37 crore dues, including interest.MMOPL is a joint venture of Anil Ambani-controlled Reliance Infrastructure Ltd (RInfra) with Mumbai Metropolitan Regional Development Authority (MMRDA).
What the company says?
In a regulatory filing on Monday (October 30), RInfra said the petition was filed by IDBI Bank before the National Company Law Tribunal (NCLT), Mumbai. MMOPL, which is operating the metro line from Versova to Ghatkopar in suburban Mumbai, is seeking appropriate legal advice and will take all…
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